Anthropic began pitching its IPO to investors on 10 November, with 825,000,000 Class A shares priced at an expected $70 to $78 each. The company has applied for a Nasdaq Global Select Market listing under the ticker ANT.
Multiply it out and the offering is worth $57.75 billion at the low end and $64.35 billion at the high end. Anthropic itself is selling 801,351,354 of those shares, roughly $56.1 billion to $62.5 billion, while existing stockholders sell the other 23,648,646 and the company gets none of that money. Underwriters also hold a 30-day option on up to 123,750,000 more shares.
Our earlier coverage of the amended filing counted about $895.4 billion in computing commitments. Even the top of this range is under a tenth of that figure. The $8 spread between the two prices is worth $6.6 billion across the full offering.
Anthropic says the registration statement has not yet become effective, so no shares can be sold until it does. Anyone planning around the final price should wait for that announcement, since the company has not said when it will come.
Anthropic, in its news post on the roadshow launch, 10 November 2026.
